News / Middle East

Sandan Signs Agreement with Towell for Light Industries Park in Oman

Sandan Development, a Omani real estate developer, has signed an agreement with Towell Construction Company (TCC) for the construction of the first integrated light industries park in Oman.

Emaar Awards Construction of Jeddah Project to ACC

Emaar Middle East, a subsidiary of the real estate developer Emaar Properties, contracted the construction of Emaar Residences in Jeddah Gate to Arabian Construction Company (ACC).

World Cup Stadium in Qatar to Cost QAR 36.4B

Qatar’s World Cup Stadium will cost between QAR 29.1 billion($8 billion) and QAR 36.4 billion ($10 billion) in construction costs for the 2022 Games, said Hassan Al Thawadi, the secretary-general of the Supreme Committee for Delivery and Legacy (SC).

UAE’s Green Valley Launches 350 Villas Morocco Project for AED 500M

Green Valley International Real Estate, a Dubai-based real estate company, announced the launch of the City of Green Valley Marrakech project, an investment worth AED 500 million ($136 million).

Azizi Awards KCC AED 200M Construction Contract

Azizi Developments, a UAE-based real estate developer, granted Keilani Construction Company (KCC) a contract worth AED 200 million ($54 million) to build two high-end residences, Roy Mediterranean and Montrell, at Al Furjan master community.

AED 166M to Be Spent on Infrastructure Projects in Abu Dhabi

Abu Dhabi Executive Council approved more than AED 166 million ($45 million) worth of infrastructure projects.

Barwa Real Estate Signs QR 310M Financing Agreement

Barwa Real Estate, a Qatar-based real estate company, signed financing agreeements worth QR 310 million ($1.13 billion) with a local bank, of which it has not shared its name.

Jeddah Tower Construction Delayed Due to Contractor Problems

Jeddah Economic Company, a real estate developers, attributed construction delays for the 1Km-high Jeddah Tower to funding issues with the contractor Saudi Binladin Group.

Emaar Acquires Stake in Leaders Fort Contracting

Emaar Industries & Investments (EII), a member of Emaar Properties, acquired a substantial stake in Leaders Fort Contracting (LFC), a UAE-based construction company.

Qabdah to Construct Sharjah’s Al Narjis Neighborhood

Sharjah Holding, a UAE real estate developer, awarded Al Qabdah Building Contracting the construction of the first phase of Al Narjis neighborhood, part of the Al Zahia residential project.

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